The Amazing Secrets of Deciding to Take Out Your RRSP Money to Buy Properties Revealed!

It was a beautiful weekend full of love. We spent Saturday hosting the monthly Mr. Hamilton meeting at Rock Star Brokerage’s office. We then spent a weekend with our families celebrating Father’s Day. Spending Sunday with the two most amazing dads I've known. Erwin, my husband, and his team shared their on the street knowledge about ...

How to Make More Money by Paying Higher Interest Rates on Your Incorporated Rental Portfolio

One of the main complaints about owning your rental portfolio in a corporation is the increased interest rate, as compared to owning them in your own name. Of course, there are a few ways to get around this problem. If you work with a bank that is willing to let you put the title in the corporation ...

How to Deduct Real Estate Education Courses and Membership Fees the Right Way

This is an exciting week. Other than the fact that this marks the 3rd last week of tax season this year (woo-hoo!), it is our first time having a booth at Real Estate Investment Network’s Real Estate Strategies Opportunities Solutions (Real Estate SOS) weekend. For the real estate investors who are going to attend this fantastic weekend, ...

Discover 4 Little Known Exceptions to Deducting Repairs & Maintenance Expense and 3 Common Real Life Examples

Before the last blog post about the Federal budget update, we discussed the tax difference between repairs and capitalized expense. We also discussed the criteria used by CRA to evaluate whether an expense is considered current or capital in nature. We learned that the criteria used by CRA is not black and white. In some cases, ...

5 Federal Budget Changes that Real Estate Investors Should be Aware Of

Last week, the Trudeau government came out with their budget for the first time. As a mother of two, I get upset at any tax and benefit cut against our children. There is no more Child Fitness Tax Credit (currently $1,000 maximum x 15% refundable to you), no more Children’s Art Credit, no more Education Tax Credit ...